Dr Reddys Stock Forecast - Triple Exponential Smoothing

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RDY -- USA Stock  

USD 45.26  0.19  0.42%

Investors can use this prediction interface to forecast Dr Reddys historic stock prices and determine the direction of Dr Reddys Laboratories Ltd future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Dr Reddys historical fundamentals such as revenue growth or operating cash flow patterns. Additionally take a look at Historical Fundamental Analysis of Dr Reddys to cross-verify your projections.
Triple exponential smoothing for Dr Reddys - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Dr Reddys prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Dr Reddys price movement. However, neither of these exponential smoothing models address any seasonality of Dr Reddys Laboratories.
Given 30 days horizon, the value of Dr Reddys Laboratories Ltd on the next trading day is expected to be 45.394448

Dr Reddys Stock Forecast Pattern

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Dr Reddys Forecasted Value

Market Value
February 18, 2020
Expected Value

Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.117
MADMean absolute deviation0.4596
MAPEMean absolute percentage error0.0108
SAESum of the absolute errors27.1139
As with simple exponential smoothing, in triple exponential smoothing models past Dr Reddys observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Dr Reddys Laboratories Ltd observations.

Volatility Measures

Dr Reddys Risk Indicators